ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Company registration number: 01950177

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	AUGUSTUS OILS LIMITED


AUGUSTUS OILS LIMITED

COMPANY INFORMATION

Directors	P Wilson
	A T M Coxon


Registered number	01950177


Registered office and business address	Augustus House
	Mill Lane
	Alton
	Hampshire
	GU34 2QG


Accountants	Menzies LLP
	Midas House
	62 Goldsworth Road
	Woking
	United Kingdom
	GU21 6LQ


AUGUSTUS OILS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


AUGUSTUS OILS LIMITED REGISTERED NUMBER:01950177

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024


	2024	2023
Note	£	£

Fixed assets
Tangible assets	4		1,963,821		2,032,553
			1,963,821		2,032,553
Current assets
Stocks		2,912,728		3,428,897
Debtors: amounts falling due after more than one year	5	24,808		24,683
Debtors: amounts falling due within one year	5	1,419,036		1,211,989
Bank and cash balances		3,315,862		3,706,418
		7,672,434		8,371,987
Creditors: amounts falling due within one year	6	(298,397)		(489,977)
Net current assets			7,374,037		7,882,010
Total assets less current liabilities			9,337,858		9,914,563
Provisions for liabilities
Deferred tax		-		(115,774)
			-		(115,774)
Net assets			9,337,858		9,798,789

Capital and reserves
Called up share capital	100,000	100,000
Capital redemption reserve	500,000	500,000
Profit and loss account	8,737,858	9,198,789
	9,337,858	9,798,789

Page 1


AUGUSTUS OILS LIMITED REGISTERED NUMBER:01950177

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

P Wilson

Director

Date: 2 September 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


AUGUSTUS OILS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Augustus Oils Limited is a private company limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is shown on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sales of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on dispatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3


AUGUSTUS OILS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


AUGUSTUS OILS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

The estimated useful lives range as follows:

Freehold property	-	Straight line over 25 years on buildings
Motor vehicles	-	25% - reducing balance
Fixtures, fittings and equipment	-	20% - reducing balance
Computer equipment	-	33% - reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilties like trade and other debtors, creditors, other third parties, loans to related parties and investments in ordinary shares.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforecable right to set off the recognised amounts and there is an intention to setlle on a net basis or to realise the asset and setlle the liability simultaneously.

Employees

The average monthly number of employees, including directors, during the year was 34 (2023 - 32).

Page 5


AUGUSTUS OILS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Freehold property	Motor vehicles	Fixtures, fittings and equipment	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2024	2,219,456	107,228	1,405,722	345,029	4,077,435
Additions	14,187	-	47,183	145,070	206,440
At 31 December 2024	2,233,643	107,228	1,452,905	490,099	4,283,875
Depreciation
At 1 January 2024	830,160	90,171	920,805	203,746	2,044,882
Charge for the year on owned assets	69,346	4,265	106,120	95,441	275,172
At 31 December 2024	899,506	94,436	1,026,925	299,187	2,320,054
Net book value
At 31 December 2024	1,334,137	12,792	425,980	190,912	1,963,821
At 31 December 2023	1,389,296	17,057	484,917	141,283	2,032,553

Page 6


AUGUSTUS OILS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Debtors
		2024	2023
		£	£

Due after more than one year
Other debtors	24,808	24,683
	24,808	24,683


					2024	2023
					£	£

Due within one year
Trade debtors	1,333,837	1,120,450
Other debtors	8,269	15,137
Prepayments and accrued income	76,930	76,402
	1,419,036	1,211,989

Trade creditors	192,386	368,555
Other taxation and social security	30,574	30,701
Other creditors	3,862	8,797
Accruals and deferred income	71,575	81,924
	298,397	489,977

Page 7